首页 > 继续教育

题目内容（请给出正确答案）

[单选题]

以下哪些是OTP Check的项目（）

A.Fixed Value

B.Value Range Check

C.hecksum

答案

C、hecksum

如果结果不匹配，请联系老师获取答案

您可能会需要：

重置密码查看订单联系客服

安装优题宝APP，拍照搜题省时又省心！

更多“以下哪些是OTP Check的项目（）”相关的问题

第1题

下列不属于固定资产内容的项目是（）

A.在建工程

B.固定资产净值（net value of fixed assets）

C.存货

D.待处理固定资产净损失

点击查看答案

第2题

下列指标的扩张意味着经济周期的开始的有（）

A.固定资产投资额（fixed investment）

B.银行贷款额（loan value）

C.工业总产值（gross industrial output value）

D.商品零售额

E.企业存款额

点击查看答案

第3题

The fixed price in an option contract at which the owner can buy or sell the underlying asset is called the option's:

A.opening price

B.intrinsic value

C.strike price

D.market price

E.time value

点击查看答案

第4题

下列( )控件的Value属性只能是数值型

A.文本框(Text)

B.微调框(Spinner)

C.选项按钮组(OptionGroup)

D.复选框(Check)

点击查看答案

第5题

Moonstar Co is a property development company which is planning to undertake a $200 millio

n commercial property development. Moonstar Co has had some difficulties over the last few years, with some developments not generating the expected returns and the company has at times struggled to pay its finance costs. As a result Moonstar Co’s credit rating has been lowered, affecting the terms it can obtain for bank finance. Although Moonstar Co is listed on its local stock exchange, 75% of the share capital is held by members of the family who founded the company. The family members who are shareholders do not wish to subscribe for a rights issue and are unwilling to dilute their control over the company by authorising a new issue of equity shares. Moonstar Co’s board is therefore considering other methods of financing the development, which the directors believe will generate higher returns than other recent investments, as the country where Moonstar Co is based appears to be emerging from recession.

Securitisation proposals

One of the non-executive directors of Moonstar Co has proposed that it should raise funds by means of a securitisation process, transferring the rights to the rental income from the commercial property development to a special purpose vehicle. Her proposals assume that the leases will generate an income of 11% per annum to Moonstar Co over a ten-year period. She proposes that Moonstar Co should use 90% of the value of the investment for a collateralised loan obligation which should be structured as follows:

– 60% of the collateral value to support a tranche of A-rated floating rate loan notes offering investors LIBOR plus 150 basis points

– 15% of the collateral value to support a tranche of B-rated fixed rate loan notes offering investors 12%

– 15% of the collateral value to support a tranche of C-rated fixed rate loan notes offering investors 13%

– 10% of the collateral value to support a tranche as subordinated certificates, with the return being the excess of receipts over payments from the securitisation process

The non-executive director believes that there will be sufficient demand for all tranches of the loan notes from investors. Investors will expect that the income stream from the development to be low risk, as they will expect the property market to improve with the recession coming to an end and enough potential lessees to be attracted by the new development.

The non-executive director predicts that there would be annual costs of $200,000 in administering the loan. She acknowledges that there would be interest rate risks associated with the proposal, and proposes a fixed for variable interest rate swap on the A-rated floating rate notes, exchanging LIBOR for 9·5%.

However the finance director believes that the prediction of the income from the development that the non-executive director has made is over-optimistic. He believes that it is most likely that the total value of the rental income will be 5% lower than the non-executive director has forecast. He believes that there is some risk that the returns could be so low as to jeopardise the income for the C-rated fixed rate loan note holders.

Islamic finance

Moonstar Co’s chief executive has wondered whether Sukuk finance would be a better way of funding the development than the securitisation.

Moonstar Co’s chairman has pointed out that a major bank in the country where Moonstar Co is located has begun to offer a range of Islamic financial products. The chairman has suggested that a Mudaraba contract would be the most appropriate method of providing the funds required for the investment.

Required:

(a) Calculate the amounts in $ which each of the tranches can expect to receive from the securitisation arrangement proposed by the non-executive director and discuss how the variability in rental income affects the returns from the securitisation. (11 marks)

(b) Discuss the benefits and risks for Moonstar Co associated with the securitisation arrangement that the non-executive director has proposed. (6 marks)

(c) (i) Discuss the suitability of Sukuk finance to fund the investment, including an assessment of its appeal to potential investors. (4 marks)

(ii) Discuss whether a Mudaraba contract would be an appropriate method of financing the investment and discuss why the bank may have concerns about providing finance by this method. (4 marks)

点击查看答案

第6题

该公司将乙设备按买价入账的方法，对2003年末资产负债表所造成的影响有（）

A.固定资产原值（original value of fixed assets）虚减

B.累计折旧虚减

C.负债总额虚增

D.应交税金虚减

点击查看答案

第7题

设有定义： class C {public： int ValUe； }； int X，*p；则以下引用形式中，正确的是（）

A.x＝value

B.x＝C：：value